Remitly Global Inc (NAS:RELY)
$ 19.61 -0.14 (-0.71%) Market Cap: 3.88 Bil Enterprise Value: 3.60 Bil PE Ratio: 0 PB Ratio: 6.14 GF Score: 50/100

Remitly Global Inc at Wolfe Research FinTech Forum Transcript

Mar 14, 2023 / 05:50PM GMT
Release Date Price: $15.26 (+0.73%)
Daniel Krebs
Wolfe Research, LLC - Analyst

My name is Daniel Krebs, I work on Darrin Peller's team. Happy to be joined here today with Matt Oppenheimer, CEO of Remitly. And Matt, welcome.

Matt Oppenheimer
Remitly Global, Inc. - Co-Founder & CEO

Thanks, Daniel. Pleased to be here.

Daniel Krebs
Wolfe Research, LLC - Analyst

Yeah. If we could start with just a brief overview of current trends and maybe what you'd like investors to take away from your fourth-quarter report in terms of key highlights.

Matt Oppenheimer
Remitly Global, Inc. - Co-Founder & CEO

Yeah. Great, Daniel. Yeah. I think that key trends in the fourth quarter and on the business overall is it was another strong quarter for us. We grew revenue 41% year on year, which for our scale and size, is something that we're really proud to have done.

We had our first profitable quarter from an adjusted EBITDA standpoint. We were positive $7.5 million adjusted EBITDA as we've raised the return on

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